How Many Condos Have Sold in the Avenue District?

This has been an enormously popular question over the past two years. How many people have bought condos at the Avenue District?


We heard the project wasn't going to sell at all and it would fold. Then we heard it was almost all sold. Next we heard that Nathan Zaremba was buying the condos himself to rent them. Finally, after two and a half years of guessing, we've heard the truth from the mouth of the sales manager- and it's GREAT NEWS!


After two and a half years of sales, Frank Lalli reports that the main condo tower of the Avenue District is about 60% sold! With 58 units in all, that equates to 35 sales with an average price around $400,000. Those numbers hardly tell the story though. Lalli told a group of several hundred Realty One Real Living Realtors on Wednesday that he's realistically sold the building twice due to people breaking their purchase agreements over the two year wait. Nevertheless, the Avenue District has risen into the city skyline in a big way!


In addition to the main condo tower near the Galleria, Zaremba has built 20 townhomes (with as many as 40 more to be built) near the corner of East 14th and Rockwell. These three story townhomes with roof-decks are 80% sold and presently occupied.


With 600-700 homes slated in the Avenue District over the next decade, there's clearly a great deal to look forward to and plenty of reason for Clevelanders to be excited. You can learn more about the Avenue District on their website www.theavenuedistrict.com.


If you're looking for a real estate professional who can help you buy your new downtown Cleveland home, contact Scott Phillips Jr, of Realty One Real Living, Inc.